The US attempt to regain control of the Panama Canal ports — the deal was rejected due to pressure from the Chinese regime.
The US tried to regain control of the strategic Panama Canal through a deal between the American investment giant BlackRock and the Hong Kong company CK Hutchinson, which currently owns ports in the region.
The deal, worth about $23 billion, included the purchase of more than 80% of the ports controlled by the company, including two ports on both sides of the Panama Canal.
However, it now appears that the deal was rejected due to pressure from the Chinese regime.
A Chinese regime-controlled newspaper recently published an article warning against the sale, claiming that it was against China's national interests and even treason.
In addition, it was reported that Chinese regulators have opened an investigation against the Hong Kong company for "violation of monopoly laws," which could also prevent the completion of the deal with American company.